Poppy Bank

Overview / Commentary
438 First Street
Santa Rosa, CA 95401

Poppy Bank is headquartered in SANTA ROSA and is the 18th largest bank in the state of California. It is also the 242nd largest bank in the nation. It was established in 2005 and as of March of 2024, it had grown to 224 employees at 27 locations. Poppy Bank's savings rates are 11X the national average, and it has an A health rating.

Related Posts

What Is Poppy Bank's Current Savings Rate For Accounts That Are Out Of The 5.50% APY Guarantee Period? - 6/25/2024

Poppy Bank refuses to tell me the current prevailing rate for those with premium online savings accounts whose 5.50% APY rate guarantees have expired. If anyone could tell me what their post-guarantee rate is, that would be great. thanks!

Poppy Bank Claims Rate After Promotion Ends Will Be Around 5% - 1/22/2024

It was added depends on rates by Fed @ time promotion ends...per regulatory specialist that called me...Premier Online Savings

Poppy Bank Shortens Its Rate Guarantee To 3 Months - 1/6/2024

If you already opened an account you're grandfathered in, but for everyone else, the rate guarantee has been halved. https://www.poppy.bank/poppy-premier-online-savings-faqs/

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More Like Poopy Bank

Posted by: |

Like some other reviewer said, dealing with the employees at this poopy bank was a nightmare. Infinite holds and then hang ups are the norm. Dont even expect that someone will respond to the messages you left for them. Some of them dont even know what a credit bureau is or what a credit report is, the level of ignorance and arrogance I saw was surprising from this poopy bank.

The worst is so called chief banking officer of this poopy bank, Michael Finn, he flat out lies in response to complaints and then cries that his feelings got hurt. If you lie, some people are going to call you out for lying. So 2 easy solutions, either stop lying or start wearing diapers because sooner or later you are going to get caught with your pants down and with poop in your pants, and the whole world will know what kind of poopy bank you are running.

60 Day Hold Rule

Posted by: |

I made a request online to transfer funds from my Poppy Bank Premier Online Savings Account to an external bank account. I received a call from the Operations Dept. informing me that I could not transfer the full amount requested because deposits that were less than 60 days old are not eligible to be transferred out of Poppy Bank. Why? This is a savings account, not a 60 days CD! Is that even legal?

Pathetic ACH Limits

Posted by: |

They may have the highest interest rate but they certainly do not want you to deposit any funds
ACH limits when originated from Poppy are 10k per transaction, 30k monthly to any outside institution.

Poppy Bank Has Compromised My Security By Sharing My Sensitive Private Information With The Foreign Nationals At Chex Systems!

Posted by: |

Upon applying for the account, I was assured by poppy bank's staff and the Chief banking officer, Michael Finn that my Government protected sensitive information would not be shared with a third party like the Chex Systems. Then later I found out that my private information was shared with the Chex Systems that operates with all foreign national staff in India and posting all the private information of the individuals on their website with a little to no security. I left a message for Michael Finn at the bank, but he did not return my call. Now I have to deal with the consequence of their action.



Health Grade Components

FDIC Certificate #57903
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.86%
Annual Interest Income$84MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$5.93B$5.92B
LoansQ1 2024vs Q1 2023$3.76B$3.64B
DepositsQ1 2024vs Q1 2023$4.47B$4.45B
Equity CapitalQ1 2024vs Q1 2023$546.5MM$490.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$83.9MM$86.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$29.9MM$38.2MM
Real Estate OwnedQ1 2024vs Q1 2023$2.4MM$11MM
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Always verify rates and promotions with the bank or credit union. We are not Poppy Bank; we are a rate comparison website and cannot provide official rates or promotions.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Poppy Bank Savings Account Rates

5.50%$1k-Premier Online Savings - Rate guaranteed for 3 Months
0.50%$0-Premier Personal Savings
0.20%$0-IRA Savings
0.10%$0-Personal Savings

Poppy Bank Money Market Rates

0.10%$1k-Personal Money Market

Poppy Bank Checking Account Rates

0.05%$500-Personal Interest Checking

Poppy Bank CD Rates

5.00%$1k-12 Month CD
5.00%$1k-6 Month CD
5.00%$1k-9 Month CD
3.00%$1k-3 Month CD
2.00%$1k-24 Month CD
2.00%$1k-18 Month CD
2.00%$1k-36 Month CD
2.00%$1k-48 Month CD
2.00%$1k-60 Month CD

Poppy Bank IRA Rates

5.00%$1k-6 Month IRA
5.00%$1k-12 Month IRA
5.00%$1k-9 Month IRA
3.00%$1k-3 Month IRA
2.00%$1k-18 Month IRA
2.00%$1k-24 Month IRA
2.00%$1k-36 Month IRA
2.00%$1k-48 Month IRA
2.00%$1k-68 Month IRA


San Francisco Bay Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.